APAC Reactive Adhesives Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.00 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
APAC Reactive Adhesives Market Analysis
The Asia-Pacific reactive adhesives market is expected to grow at with a CAGR greater than 6% during the forecast period. One of the major factors driving the market is the growing application in the construction of wind turbines. However, negative effects of epoxy and acrylic reactive adhesives on skin is hindering the growth of the market studied.
- Increasing popularity of heat-resistant products is expected to provide a major growth opportunity for the market studied.
- China accounted for the highest share of the market and is likely to continue dominating the market during the forecast period.
- Among the end-user industries, renewable energy industry is expected to witness the highest growth rate during the forecast period.
APAC Reactive Adhesives Market Trends
This section covers the major market trends shaping the APAC Reactive Adhesives Market according to our research experts:
Renewable Energy Industry to Witness the Highest Growth Rate
- The consumption of wind energy has been significantly increasing in the Asia-Pacific region in the past few years.
- Wind energy offers many advantages over traditional energy sources which include unlimited & free energy, clean and non-polluting way to generate electricity. Unlike other types of power plants, it emits no air pollutants or greenhouse gases.
- Reactive adhesives are used to bond blades together. They offer a solution of reduced weight, as well as providing benefits in reduced assembly time and corrosion protection.
- The installed wind power capacity in the Asia-Pacific region has witnessed a significant growth in the recent years owing to the growing environmental consciousness.
- Hence, owing to the above-mentioned factors, wind turbines industry is likely to witness the highest growth rate during the forecast period.
China to Dominate the Market
- China accounts for the highest share of the Asia-Pacific reactive adhesives market currently owing to the demand from end-user industries like Transportation, aerospace, and construction.
- China is the largest automobile manufacturer in the world. The automobile production results in high demand for reactive adhesives in the country. However, the declining automotive production in the country is likely to negatively affect the market studied in China.
- The growing construction and aerospace industries in the country are also major driving factors for the demand for reactive adhesives in the country.
- Additionally, the growing investment in increasing the wind energy capacity of the country is also a major driving factor for the market studied in the country.
- Hence owing to the above-mentioned factors, China is likely to dominate the market studied during the forecast period.
APAC Reactive Adhesives Industry Overview
The Asia-Pacific reactive adhesives market is moderately fragmented as the market share is divided among a large number of players. Some of the key players in the market include 3M, Sika AG, Arkema Group, H.B.Fuller Company, and Henkel AG & Co. KGaA, among others.
APAC Reactive Adhesives Market Leaders
-
3M
-
Sika AG
-
Arkema Group
-
H.B. Fuller Company
-
Henkel AG & Co. KGaA
*Disclaimer: Major Players sorted in no particular order
APAC Reactive Adhesives Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
-
4.1 Drivers
- 4.1.1 Increasing Application in the construction of Wind Turbines
- 4.1.2 Other Drivers
-
4.2 Restraints
- 4.2.1 Negative Effects of Epoxy and Acrylic Reactive Adhesives on Skin
- 4.2.2 Other Restraints
- 4.3 Industry Value-chain Analysis
-
4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
-
5.1 Resin Type
- 5.1.1 Polyurethane
- 5.1.2 Epoxy
- 5.1.3 Cyanoacrylate
- 5.1.4 Modified Acrylic
- 5.1.5 Anaerobic
- 5.1.6 Silicone
- 5.1.7 Other Resin Types
-
5.2 End-user Industry
- 5.2.1 Building & Construction
- 5.2.2 Renewable Energy
- 5.2.3 Transportation
- 5.2.4 Healthcare
- 5.2.5 Electronics
- 5.2.6 Aerospace
- 5.2.7 Sports & Leisure
- 5.2.8 Other End-user Industries
-
5.3 Geography
- 5.3.1 China
- 5.3.2 India
- 5.3.3 Japan
- 5.3.4 South Korea
- 5.3.5 ASEAN Countries
- 5.3.6 Rest of Asia-Pacific
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share/Ranking Analysis**
- 6.3 Strategies Adopted by Leading Players
-
6.4 Company Profiles
- 6.4.1 3M
- 6.4.2 Arkema Group
- 6.4.3 Avery Dennison Corporation
- 6.4.4 Collano AG
- 6.4.5 Dow
- 6.4.6 Franklin Adhesives & Polymers
- 6.4.7 H.B. Fuller Company
- 6.4.8 Henkel AG & Co. KGaA
- 6.4.9 Hexion
- 6.4.10 Huntsman International LLC
- 6.4.11 Jowat SE
- 6.4.12 Sika AG
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Growing Popularity of Heat-resistant Products
APAC Reactive Adhesives Industry Segmentation
The Asia-Pacific Reactive Adhesives market report includes:
| Resin Type | Polyurethane |
| Epoxy | |
| Cyanoacrylate | |
| Modified Acrylic | |
| Anaerobic | |
| Silicone | |
| Other Resin Types | |
| End-user Industry | Building & Construction |
| Renewable Energy | |
| Transportation | |
| Healthcare | |
| Electronics | |
| Aerospace | |
| Sports & Leisure | |
| Other End-user Industries | |
| Geography | China |
| India | |
| Japan | |
| South Korea | |
| ASEAN Countries | |
| Rest of Asia-Pacific |
APAC Reactive Adhesives Market Research FAQs
What is the current Asia-Pacific Reactive Adhesives Market size?
The Asia-Pacific Reactive Adhesives Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Reactive Adhesives Market?
3M, Sika AG, Arkema Group, H.B. Fuller Company and Henkel AG & Co. KGaA are the major companies operating in the Asia-Pacific Reactive Adhesives Market.
What years does this Asia-Pacific Reactive Adhesives Market cover?
The report covers the Asia-Pacific Reactive Adhesives Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Reactive Adhesives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Asia-Pacific Reactive Adhesives Industry Report
Statistics for the 2024 Asia-Pacific Reactive Adhesives market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Reactive Adhesives analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
